Senate Bill 21 denies Alaskans a fair share of our oil wealth, particularly when industry profits soar. Our prior tax system enabled us to grow our savings to $17 billion. Under the new system, these savings will likley be drained within the decade.
Wednesday, May 14, 2014
Reason #16: As owners of our oil, Alaskans deserve to be compensated fairly for our most valuable resource.
Senate Bill 21 denies Alaskans a fair share of our oil wealth, particularly when industry profits soar. Our prior tax system enabled us to grow our savings to $17 billion. Under the new system, these savings will likley be drained within the decade.
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